decrypting myths
Five tips for
an effective
proactive
approach to
cybersecurity
Research from Verizon
revealed that 68% of
cyberbreaches take more
than six months to discover
and 76% of breaches are
financially motivated. It has
prompted calls for businesses
to take a more proactive
approach to cybersecurity.
Ali Neil – Director of
International Security
Solutions at Verizon, offers
five tips for implementing an
effective strategy.
W
e know that
cybercrime is
a real business
risk today;
seemingly every
week another
report of a major
data breach emerges. With so much
at stake if a breach is incurred – loss
of customer data, intellectual property,
brand reputation and more – companies
need to adopt a risk-based approach
to invest wisely and prioritise how they
allocate their budgets.
They need to think about the holistic
end-to-end purpose of their security
operating model to counter this risk
and spend their money wisely and to
greatest effect.
Hackers do not alert businesses to their
presence. In fact, the Verizon 2018 Data
Breach Investigations Report (2018 DBIR)
found that 68% of breaches took months
or longer to discover and alarmingly
87% of the breaches examined had data
compromised within minutes or less of
the attack taking place.
www.intelligentciso.com
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Issue 07
The ultimate aim of cybercrime is not
random; security controls shouldn’t be
random either.
Our findings saw 76% of breaches
are financially motivated with 13% of
breaches motivated by the gain of
strategic advantage (espionage).
The security industry as a whole has a
responsibility to help businesses take a
more proactive approach to their security.
Increasing confidence through education
and helping them to understand the
threats they face are the initial steps
to implementing solutions that will be
effective in the prevention of cybercrime.
Five key guidelines for businesses in
monitoring and combating this daily
threat of cybercrime are as follows:
1. Know your risk posture
and change your security
strategy accordingly
Research shows that 90% of board
members do not understand the
cyber-risk profile of their business and
77